Insurer
Personal lines cyber cover is untapped market, analyst claims
GlobalData said growth was dependent on more households owning connected devices.
IUA sets up construction group
Group formed amid ongoing issues with capacity in the construction market.
Insurers most at risk from FCA pricing review named by analyst
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
Jackson Lee creates fleet GAP with temporary vehicle replacement
Firm claims that the product is the first of its kind in the market.
Go Compare owner in £120m refinancing
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
CMA’s investigation into Compare the Market sees timeline extended
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Blog: Keeping it local
Nick Hobbs, director of broker markets at Allianz UK, explains the benefits of recognising local markets.
Brokers and insurers unite to support IUAD
Insurance Cares: The Insurance Day of Giving is hoping to raise in excess of £100,000 for dementia research this November.
Markerstudy seeks investment ahead of loan deadline
The directors say it is “business as usual” and payments to Qatar Re have been factored into its strategy ahead of having to pay back a £217.3m loan as it also awaits approval for Co-op deal.
Tedaisy and Instrinsia Group merge
Merger includes Alpha Underwriting, Practice Cover, Intrinsia Brokers and Intrinsia Claims as business looks to £25m in GWP.
People Moves Round-up: 14-18 October 2019
Keep track of the past week’s market moves.
Applied Net 2019: Applied Systems plans UK expansion
Senior vice president of international operations, Jeff Purdy, says software house is looking to add up to 50 employees in the UK and reveals it is considering opening an office in the Midlands.
Blog: Is the capacity crunch a step in the right direction?
Manchester Underwriting Management's, Richard Webb, explores the changing nature of capacity in the market.
Have your say in the UK’s biggest broker survey
Insurance Age has launched the largest independent survey of general insurance brokers. Take part today.
Most complained about insurer revealed
Data from the Financial Conduct Authority highlighted the most complained about providers and brokers.
GI complaints fall amid £2bn PPI payout
FCA data for H1 2019 was final full reporting period before 29 August PPI deadline.
Customer loyalty programme launches for brokers
Proposition from Stubben Edge will enable brokers to offer customers loyalty rewards and has partners including Halfords and Vision Express.
CII launches new underwriting society
Society will release several good practice guides in upcoming months, covering topics such as vulnerable customers.
Flock announces exclusive drone insurance deal
InsurTech Futures: Firm will be Skyports’ only risk partner for drone insurance.
Castel enters construction market with new offering
Sector has recently been troubled by hardening capacity and cover shortages.
Applied Net 2019: Pace of change in insurance to speed up
Applied Systems CEO, Taylor Rhodes, discusses the tech evolution in insurance, partnering with Google and why the UK is a "ripe market" for the software house.
MS Amlin: Brokers highlight regional pull back
Brokers report reduced numbers of staff in the provider’s Chelmsford office and say MS Amlin’s recent action is continuation of providers exiting regions.
MS Amlin confirms exit from aviation market
Provider announced its decision to exit nine lines of business last month.
PIB’s Q Underwriting launches MGU
Matthew Schofield has been brought in to lead the newly-formed managing general underwriter which focuses on binder management and delegated authority capacity.